Grameen Solutions Ltd (GSL) dedicated application development team designed and developed a web based MF Ultimate for Microfinance Software, Offering financial services to poor people in developing countries are expensive business. The cost is one of the biggest reasons why traditional banks don´t make small loans and time of loan processing very high. The microcredit loan cycles are usually shorter than traditional commercial loans with terms from typically six months to a year with payments plus interest, payee weekly. Shorter loan cycles and weekly payments help the borrowers stay current and not become surprised by large payments. Clearly the transaction-intense nature of weekly payment collections, often in rural areas, is more expensive than running a bank branch that provides large loans to economically secure borrowers in a metropolitan area. As a result, MFIs must charge interest rates that might sound high. For a financial institution to scale and remain sustainable, at a bare minimum it has to cover its costs. A large bank can charge lower rates in order to recoup its costs. Because of smaller loan size and more transactions, the MFI has to charge higher minimum rates. Data from the Micro-Banking Bulletin reports that “63 of the world’s top MFIs had an average rate of return, after adjusting for inflation and after taking out subsidies programs, of about 2.5% of total assets. This lends to the hope that microfinance can be sufficiently attractive for investors, as well as the mainstream in the retail banking sector.”

Features of the product

Membership management

Member Registration

Accounts Management

Branch Management

Product Management

Collection Staff Management

User Management

Loan Processing

Loan Disbursement

Loan Recovery

Financial Accounting

Fund Management for HO

Fund Management for Branch

Communication by E-mail

Payment Integration

Plastic Card

Credit Card

Debit Card

Benefits of Products

Information Flow.

One database to maintain.

Integration.

User Friendly.

Put the management in control.

Accuracy

Scalability

Web Based

Improved Reporting.

Provide a platform that can help you exploit your business opportunities.

Give you the tools to enable you to communicate more effectively with your customers.